General mining thread

whats your outlet voltage / are you in canada/usa?

yeah please tell i dont wanna burn my shed down

why no asic?

should I wait for some new upcoming GPUs?

You could always use 2x 850w

Ampere/Volta customs won't be out till next summer, even then I wouldnt expect more than an 1170 around current 1080ti Levels. Calculate your ROI, 1070ti will have a better resale value

2x 850 is the same load on the circuit if the two outlets are on the same one

Bulwark on r9 280x my card sucks I’m only getting 7 mhs ... but hey this is my first time trying to mine

Two or more psu would allow you to split it up between circuits

i find DGB and UFO to be the best for mining.
also Moon to some extend.

Always outta stock. Same guy. New ID.

You sure? We just had the Titan V launch so was guessing that the consumer cards would be out early doors 2018. Figured it would take a while to configure them for mining but even then anything with an ROI less than 6 months seems pointless.

unfortunatey that would require hiring an electrician, looks like I’m going to be doing that either way

230v in non cucked countries

like which?

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Bout to get an antminer s9. Electricity is very cheap here in Tacoland. BTC here I cum

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>tfw too dumb to mine

if you had just one (1) antminer S9, what would you mine with it?

how is the PSU called? looks tasty

If you're too dumb and have money find a nerdo friend to help you out. Or are you also:

Poor and no friends?

Hewlett Packard hot swap 1200w

nice, thanks

each card gets redundant connections though a y cable to two of the 1200w PSU's

850watt psu runs motherboard and risers.

whats a good motherboard to use

all the psu's run at 50-60% load. best efficiency that way. And I can power off of 2 regular 15 amp breakers.

16kh/s on cryptonight. Mining electronium

An 8 card rig makes $4000/mo by itself and uses $100 of electricity/mo

Cost of rig is about 6300 currently.
>If you can even get the parts.

Hello, brainlet here, please explain 1) why there is so little discussion here about minig? Seems like free money after you get ROI back? 2)what is general time of getting your investment back? I understand it depends on coin and other factors, but i see ~6 month getting thrown around alot

What is the best strategy biz? Going for volume of coins or value?

4000$ a month? mining what?

My roi is currently 45 days and going down because I convert my mined shit coins to things like btc, ltc xmr and eth. and that makes me %20 gains on the stuff I mined earlier in the month.

this is my projections for all my rigs together.

6 month roi is what people that don't know how to run the profitability numbers , choose a pool that is the right size for your farm so that you get the biggest take of the rewards and how to optimize their rigs software and consumption to me efficient and stable are getting.

>What is the best strategy biz? Going for volume of coins or value?

Hash rate and mining power. It is a waste of energy to mine big hashes for minimal gains. The cost of electricity is more than the value.
Volume in most cases.

that's what we want you to think.

>don't know how to run the profitability numbers
So 6 month is the worst result even brainlet miner can get? This sound breddy good. Why not everyone doing this? Same guy, from PC this time.

Can

oops sorry, misunderstood. Re-read it and yeah I agree.

Go for big quantity if you are mining. go for small quantity if you are holding.

My pakistani friends dad invested 15k euro into aorus graphic cards, thinking of inveating 1 k myself

It is actually really hard to set up right and get it stable and get the temps and consumption under control.

I've been in the IT world for almost 20 years and this was a real challenge. I had to even write some custom software to do a couple things.

And yeah you are right, The people that are doing it well don't talk about it. It is a huge secret.

I see. I assumed that you need to know thing or two.. I only assembled my personal PC 2 years ago, i learned what each part do and choose everything myself. But this one a little harder i guess.

If i do not have your expirience under my belt, what kind of gains is realistic for me? If i build one of those.

then there are things like the x11 glitch that bottoms out the difficulty for a few mins.

Think of it like a an air drop of free coins a couple times a day.

It doesn't last long but if you have a miner up and running and hashing when it happens. It basically $10-20 bucks worth of coins per day. This is what I have running on some older nvidia cards in just regular desktops around the house.

How much doe you make monthly?

dont listen to the retard its fucking easy as shit just keep a few oc profiles saved in msi afterburner and switch the depending on the crypto you mine currenty also ofc either set up an auto switching mininer or switch yourself once a day to the most profitable coin

I have an r9 390. I tried mining bulwark but I was only getting 9 MH/s while people with way worse gpus get way more so I don't know what I'm doing wrong.

What should I mine? Please guide me, I'm scared and lonely

If you want easy mode and 6mo roi do nvidia cards and set up for neoscrypt and lyra2REv2 coins.

Then you can do the afterburner stuff.

also about the same for 470/480/570/580 setups.

even with super easy mode 3mo ist easily possible

its the safer bet and probably the safest way to get into the crypto market without risking half of your life savings on price fluctuations and volatility.

mining gives you a lot more options because you can mine different currencies and if you have a big enough operation you can cover yourself in case of price crashes by using a certain percentage of profits (~10% or so depending on your operation) and shorting your crypto coin. This way you still end up in the green no matter what happens and can pay your electricity bills.

Either way it's not so popular here because it's not a get rich quick scheme and instead is a slower but less risky way of making gains in the emerging crypto market

it just requires up-front funding for the hardware and setup time and operating costs

i opened a company here in canada and keep all my profits in the company to get a better tax rate and also to claim my hardware equipment as a company expense and save some money on taxes.

Is there good stating guide you can advice? I mean i can google alot of information myself, but anything you personally recommend?

^This.

I am doing this as an offshoot of another business of mine.

my current plan -
50% mine and hold
50% trade

Been mining Ethereum since May of this year. I have three 7 GPU rigs. Two rx580s and one rx570. In total my hashrate is about 585 MH/s, which nets around 2.5 ETH a month (including inevitable downtime).

It's a hassle, even with a small operation like mine. But they've more than paid for themselves at this point.

lol not really.

The info is out there but it is scattered all of the internet.

I am not following anybody's exact guide. I am taking the best practices of of probably 5 or 6 different ones and and using what ever works best for my hardware and situation. It took a lot of testing.

My fiance says i need to do a Youtube channel about it. I'm not so sure.

good stuff
it costs $20 to open up a company here in Canada and my brother and me are the owners of the company and have a separate business bank account where we pay for the hardware and all associated equipment through our business account and collect profits and hold cash reserves there.

As long as I don't take any money out for myself any profits my company makes is taxed at 15% corporate tax rate and plus I have expensed $15,000 in equipment and hardware through the company and saved almost a couple grand in tax reductions.

I bought some crypto on the exchanges but most of my investment money is going into this because it serves as a way of training and educating myself on the latest technology instead of just dumping thousands into exchanges I now have assets and a running business.

Welcome to the new industry of Crypto fin-tech.

Maybe you should. If you into this. I would watch to learn stuff.

I'm thinking about putting down 5k to start a mining rig and I am looking at mining ETC, I am in Australia at the moment. What is the starting budget I should be looking at and is ETC a decent coin to go with? I am thinking that its miner pool may enlarge when POS comes out on ETH.

thanks to all the miner anons sharing with others today

i have been researching and reading all i can about mining crypts

waiting for an ICO to drop so i can buy my first 2-1080s and jump in

is there anything i can mine solo?

can someone recommend a good motherboard/chipset that would handle 6-8 GPUs in the future?

also any setup/wiring advice resources for new minefags is welcome

thanks in advance

it really depends on what GPU's are instock and not sold out or overpriced.

what wattage do you get on rx480 rig? I got a mobo with 4 pcie slots I need to fill out, was thinking 1000W just to be safe.

Are you mining anons actually making money? Pretty much everything I've read points to just buying the coin.

>hardware investment
>electricity costs
>difficulty increase
>more hardware investment after your cards can't compete anymore
>somehow sell your old cards

How do you guys buy and sell hardware in bulk or at least in a way to stay in profit? I might make a small rig for fun, but I just can't imagine staying profitable.

I've tested on a bunch of stuff.

asrock 110 btc+ Can run upto 13 gpu's and are not too spendy.

anything z87 or newer works ok since it has 4g decoding or something like that.

technically intel h75 and up work pretty good.
Running 4 Vegas on a $50 Dell Vostro 270 I3-3120 for testing configs.

h61 do not work at all for more than one moodern card.

the Xeon 3040 chipset whitch can use original first gen I7 Cpu's can do upto 5 cards. That was also the oldest that I could find that could run Uefi cards like RX5xx cards.

I have also tried some older AMD am3+ boards with some success. But the limiing factor is alot of them don't have recent bios updates available any more. so may max out at 4 gpu's.

Mining now may be hard to justify, given the cost of GPUs...hard to say.

When I first started mining ETH, I was mining 15 ETH a month...at the time it was worth $40 or so. But I knew it would go up by quite a lot.

ETN for the win. Sitting on piles of the shit. Value has only increased while I've been accumulating.

Several AMD 580s + hodgepodge of other gpus checking in. (4.5kh etn)

>hardware investment
I buy cards through ebay or craigslist, and the earlier the better, because more time for that card to run and make profits. You can put rigs together relatively cheap.
>electricity costs
I got the cheapest state for energy costs in the union. Washington state truly is the greatest with cheap china hydro power.
>difficulty increase
you can make your money back in 4-9 months if you mine the right or wrong stuff
>more hardware investment after your cards can't compete anymore
You have PSU, mobos, CPUs, cases, etc, so it lowers cost.
>somehow sell your old cards
yes

>somehow sell your old cards

even after 18 months and I have made many 100's of percent roi my cards are still worth half of new.

Don't believe me? Look at the price of 980ti's

I did the same strategy early on except with XMR
Until it was better to mine a shittier coin that was more profitable and just buy more monero in a day than i could have otherwise mined.

Are you just selling your old equipment on Ebay? Half is actually better than I expected on old hardware (especially mining hardware that has seen some shit). Speaking of which, do you disclose that your GPUs were used in mining?

So much great Info in this thread, thanks everyone

Awesome my man.
Doing just under 57kh/s on ETN at the moment here.

no, underclock them tho so they might not get found out goy

I'm using 2x 750w psu in my miner that's currently running 3 gtx 1080s at 70% power.

Is it safe to use those 8pin to y-split dual 6+2 pin connectors for each card?

I'm hoping to expand up to 5 1080s relatively soon, but with each of them requiring 1 8pin and 1 6pin, I'm not sure how to do it.

I red around a little bti more. Those meme Vega cards that out of stoke everywhere - is it literally miners who buying them? Or card is so good that gamers bought everyhting?

Will manufacturer make more of them? Seems stange for hardware be out of stock, why would they not just make more.

Gamers haven't bought new GPUs in like 3 years.

Craigs list.

And to be honest. a card used for mining is probably better off than the average card in a Desktop pc.

I keep them clean and under 60C and they are rarely power cycled.

Heating up and then cooling down and then heating up again is hard on electronics

And I'm using high quality power supplies and surge protectors.

Also every card I won is actually underclocked and undervolted compared to factory specs.

And on top of that most of the cards I own have at minimum a 3yr warranty and most actually have a 5yr.

If I was looking for a good used card I wouldn't hesitate to buy one from a (Professional Cryptomining Farm).

The people I have sold to are fully aware that is has been used like this but it is still under warranty and I'll even take it back or swap no questions asked if there is a problem.

The Netherlands has high electricity costs so I'm not mining. Sucks desu, mining sounds fun.

Cool, clearing your inventory must take some time though.

How do you buy them? Buying retail from Newegg is great because you can use bitcoin and all but the prices are outrageous.

Where is a good place to buy frames? or what are good resources for making your own frames on the cheap?

antminer s3 500gh/s for bitcoin cash
free electricity so its zero risk

Been mining at a hobbyist level but registering as a business sounds pretty cool.

Do you still mine out of your own home or do you rent office/warehouse space? At what scale of operation do you think it's better to register as a business than to not?

>t. 6x r9 290 miner rig dual mining ETH+DCR

Last time I sold cards I i moved 24 in a week.

Like the other user said gamers haven't had good deals on new cards for years. So there is definitely a market for last gen cards that in many cases outperform a single current get card when sli'd or crossfired for the same money. I'd say that i sold about half of them, two at a time to people that did just that.

A mixture of newegg, amazon, bestbuy and B&H and a wholesale supplier I've been using for years for my IT business. It just depends on what is in stock and what the prices are.

General question about electricity. At what point do you decide its not worth mining? Anything above $.10/kWh?

I built mine out of a $30 shoe rack from Amazon. looks similar to mine, I think he probably did the same thing?

Thanks for the info, user. Another question about retailers though. Are you getting access to deals that I my self coming off the street wouldn't be able to get, or are you in the same boat as everyone else?

It would literally have to be $3.44/kWh for me to not be profitable anymore with my current set up.

That includes paying myself $3300/mo salary But no ROI.

Bitcoin's greyed out as a payment option on newegg, just tried to buy parts for a rig.

Nope retail prices at all of the retail places.

Whole sale was only $10 bucks under msrp but they never are in stock.

I pay with normal bank account for all parts.

Awesome info. Currently I think I'm looking at about $.12/kWh although I could be moving in the near future to a place that is more like $.09/kWh.

Make sure you're buying from Newegg and not an affiliate.